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Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a portion of its balance sheet. Conduct a horizontal
Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a portion of its balance sheet. Conduct a horizontal analysis of the following line items. (Negative answers should be indicated by a minus sign. Round the "percent" answers to the nearest hundredth percent.) Difference % CHG Cash and cash equivalents Marketable securities Inventories 2019 (dollars in millions) 2018 (dollars in millions) $ 16,580 $ 15,799 9,522 16,748 13,942 14,924 Goodwill 0 1,290 Total liabilities and equity $ 103,849 S 144,903
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